Tag: cost benefit analysis

Spending More Money On Education

More money is going to be spent on education.

I’m not convinced it will achieve anything.

Surely we passed diminishing returns to education spending billions of dollars ago?

Surely we have to think about the billions of dollars in student loan debt that financed majors that do not add value to the economy?

Well played by John Key though. Now David Cunliffe has to spend “more” on education.

This means in the debate John Key can smash him with “we’re spending more but keeping the budget in line, you’re trying to bribe voters by promising something the government can’t afford”.

Anyway, after the election who knows who the government will be composed of.

The idea of NZ First anywhere near the Cabinet room is almost as bad as the idea of the Greens in coalition with Labour and Mana.

Both Costs And Benefits Must Be Taken Into Consideration

There are two sides to every story.

There are also two sides to every proposed public policy.

There are the costs.

There are the benefits.

You cannot claim one without considering the other.

This works both ways – miners can’t just say “jobs jobs jobs” and environmentalists can’t just say “global warming global warming global warming”.

There are multiple trade-offs involved and I’m skeptical of what both sides of the debate are offering up as “evidence”.

I trust the judgment of our professional and neutral public service on this issue.

They’re more likely to find that optimal level of regulation than the internet.